Business · Companies · 6 hrs ago

AWL Agri Business profit falls 2% as revenue rises 26.1%

AWL Agri Business profit falls 2% as revenue rises 26.1%

AWL Agri Business' profit fell 2% year on year to ₹239 crore in the September quarter, while revenue rose 26.1% to ₹22,270 crore.

The New Delhi-based company makes edible oil and packaged foods, and its food and consumer goods business includes basmati rice and sugar.

Food and FMCG revenue grew 32% to ₹2,216 crore, making it a key source of growth.

AWL plans to expand packaged foods and offer more premium, health-focused and convenient products.

It is targeting wheat flour, rice and pulses, with the company saying pulses offer attractive margins.

The company also plans to grow branded exports in markets including the US, Europe and Australia, where many people have Indian roots.

It says it will seek to improve profitability through greater scale and operating efficiencies.

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Shrikant Kanheremanaging director and chief executive officer of AWL Agri Business
We will remain very aggressive on wheat flour and rice
via Economic Times